Credit UW I, II or Senior

Bank of America; Newport Beach (CA); On-site; USD 108,000 - 188,000; Full time

Job summary

Bank of America in Newport Beach, CA is seeking an Underwriter on the Global Commercial Banking credit team. You will underwrite loans and related credit exposure for a portfolio of middle market companies across a broad range of industries with revenues from $50 million to $2 billion in the Newport Beach/Southern California Market.

You will work closely with Relationship Management, Risk, Debt Capital Markets, Investment Banking and other product teams to analyze lending opportunities,

Qualifications

• BA/BS degree required.
• 3 to 10 years based on targeted seniority level of Commercial Banking underwriting experience.
• Proficiency in accounting principles, financial statement analysis and financial modeling.
• Strong foundation in credit analysis, including evaluation of business risk, industry trends and capital structures.
• Understanding of credit documentation, including term sheets, credit agreements and ancillary agreements (e.g. security, guarantee and intercreditor agreements).
• Strong written and verbal communication skills.
• Excellent attention to detail and commitment to accuracy.
• Ability to work in a fast paced, deadline driven environment.
• Ability to juggle and prioritize multiple transactions and responsibilities at a time.

Responsibilities

• Partner with credit teammates, relationship management and product teams to develop strategic debt financing solutions
• Employ credit and accounting knowledge to structure bilateral and syndicated loans aligned with client needs and bank risk parameters
• Analyze ancillary credit exposure for treasury, rates and foreign exchange products
• Perform due diligence and dynamic risk assessments of borrowers, industries and transactions
• Create credit approval packages and own the credit approval process from initiation through final decision
• Construct detailed financial cash flow and repayment models, including sensitivity analyses
• Complete enterprise value (discounted cash flow), pricing, returns and risk rating models
• Ensure adherence to regulatory and internal policies and procedures
• Exercise approval authority for certain credit actions
• Present well‑supported opportunities to credit and risk leadership
• Partner with internal and external legal partners to produce loan documentation
• Oversee quarterly monitoring exercises and requirements, including covenant compliance

Skills

Loan Underwriting

Financial Statement Analysis

Financial Forecasting and Modeling

Credit and Risk Assessment

Capital Structuring

Credit Documentation

Multitasking and Prioritization

Attention to Detail

Education

BA/BS degree

Job description

Job Description:

At the company, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. the company is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role‑specific responsibilities and business needs. At the company, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

As an Underwriter on the Global Commercial Banking credit team, you will be responsible for underwriting loans and related credit exposure for a portfolio of middle market companies across a broad range of industries with annual revenues ranging from $50 million to $2 billion in the Newport Beach/Southern California Market. Working in close partnership with Relationship Management, Risk, Debt Capital Markets, Investment Banking and other product teams, you will analyze lending opportunities, structure transactions and perform ongoing portfolio monitoring. You will report to a Senior Credit Manager and work day‑to‑day with a team of Credit Officers, fellow Underwriters and Credit Analysts.

Responsibilities:

• Partner with credit teammates, relationship management and product teams to develop strategic debt financing solutions
• Employ credit and accounting knowledge to structure bilateral and syndicated loans aligned with client needs and bank risk parameters
• Analyze ancillary credit exposure for treasury, rates and foreign exchange products
• Perform due diligence and dynamic risk assessments of borrowers, industries and transactions
• Create credit approval packages and own the credit approval process from initiation through final decision
• Construct detailed financial cash flow and repayment models, including sensitivity analyses
• Complete enterprise value (discounted cash flow), pricing, returns and risk rating models
• Ensure adherence to regulatory and internal policies and procedures
• Exercise approval authority for certain credit actions
• Present well‑supported opportunities to credit and risk leadership
• Partner with internal and external legal partners to produce loan documentation

Oversee quarterly monitoring exercises and requirements, including covenant compliance

Skills:

• Loan Underwriting
• Financial Statement Analysis
• Financial Forecasting and Modeling
• Credit and Risk Assessment
• Capital Structuring
• Credit Documentation
• Multitasking and Prioritization
• Attention to Detail

Required Qualifications:

• BA/BS degree required
• [3 to 10 years based on targeted seniority level] of Commercial Banking (Middle Market, Large Corporate or Leveraged Finance) underwriting experience
• Proficiency in accounting principles, financial statement analysis and financial modeling
• Solid foundation in credit analysis, including evaluation of business risk, industry trends and capital structures
• Understanding of credit documentation, including term sheets, credit agreements and ancillary agreements (e.g. security, guarantee and intercreditor agreements)
• Strong written and verbal communication skills
• Excellent attention to detail and commitment to accuracy
• Ability to work in a fast paced, deadline driven environment
• Ability to juggle and prioritize multiple transactions and responsibilities at a time

Desired Qualifications:

• Experience with the syndicated loan execution process
• Familiarity with asset‑based lending, leasing, treasury and other commercial banking lines of business
• Capability to interact confidently and negotiate with clients

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CA - Newport Beach - 520 Newport Center Dr - Newport Beach 520 Ncd (CA6814)

Pay and benefits information

Pay range

$108,000.00 - $187,500.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry‑leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.